REX American Resources Corporation (REX)

Number of days of payables

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Payables turnover		17.47	26.53	35.86	46.16	23.61	19.69	35.84	37.32	20.99	22.97	24.98	25.92	21.16	22.64	39.14	53.78	21.46	30.66	48.43	65.56
Number of days of payables	days	20.89	13.76	10.18	7.91	15.46	18.54	10.18	9.78	17.39	15.89	14.61	14.08	17.25	16.12	9.33	6.79	17.01	11.90	7.54	5.57

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.47
= 20.89

The number of days of payables for REX American Resources Corporation has shown fluctuations over the past few quarters. The company's ability to pay its trade payables, on average, has ranged from approximately 5.57 days to 20.89 days.

From the data provided, it can be observed that the number of days of payables has generally decreased in recent quarters, indicating that the company is taking fewer days to pay its outstanding obligations to suppliers. This trend suggests an improvement in the company's liquidity position and potentially more efficient management of its accounts payables.

However, it is essential to monitor this trend over a more extended period to identify any sustained patterns or potential red flags. Overall, a decreasing trend in the number of days of payables can be seen as positive for the company's financial health and working capital management.